Fuel

Though EVs have fast gained traction; CNG vehicle sales are up 82% in 5 years

Akasa Air Co-Founder Aditya Ghosh on Monday said India can play a leading role with respect to sustainable aviation fuel by plugging into the global supply chain opportunities. Airlines and airports will be pushed to take sustainable measures, he said but added that currently, sustainable aviation fuel is much more expensive compared to the traditional fuel. Ghosh, an aviation industry veteran and former IndiGo chief, was speaking at the CAPA aviation summit in the national capital. There is a gap of around USD 350 million in terms of funding between traditional aviation fuel and 10 per cent blended fuel, he said. According to him, India can plug into the global supply chain opportunities in the context of Sustainable Aviation Fuel (SAF). India can play a leading role in solving the problems for the world, he added. In this context, blended fuel means 10 per cent of SAF blended with traditional fuel. The government is working on mandating blending of jet fuel with SAF as the coun

The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries

Move will see China, Russia, others collaborate with India on emerging fuel tech, energy modelling, and transition goals

Rising compliance with ethanol-spiked fuels in vehicle could be a win-win situation all round

Supplies from Russia come at a substantial discount to global prices, but Indian pump prices have remained unchanged for nearly ten months

Modi also pointed out how global supply chains have broken down during times of stress and turmoil

The United States and Brazil has been among the early proponents of the alliance

The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation

India's role in supplying Europe is notable because it has become one of the biggest buyers of discounted Russian crude since the war broke out

The mission has proposed pilot projects for replacing fossil fuels and fossil fuel-based feedstocks with Green Hydrogen and its derivatives

Says India will contribute 25% to global ethanol demand by 2040

Oil companies are selling petrol at a profit of Rs 10 per litre but retail prices haven't been reduced as they recoup past losses and make up for a Rs 6.5 a litre loss on diesel, a report said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the past 15 months not revised petrol and diesel prices in line with the cost. They have times of low oil prices to recoup losses incurred when rates were high. "Post record high losses of Rs 17.4 per litre on petrol and Rs 27.7 a litre diesel for the week ended June 24, 2022, margins for petrol are estimated at a positive Rs 10 per litre for Q3 (October-December 2022) while diesel losses too have likely narrowed to Rs 6.5 a litre for the same quarter," ICICI Securities said in a report. The three fuel retailers haven't changed petrol and diesel prices since April 6, 2022, despite input crude oil prices rising from USD 102.97 per barrel that month to USD ..

Russia's state-owned nuclear energy company Rosatom earlier this year sent a "more advanced" fuel option for a nuclear power plant in southern India, an Indian government minister told parliament

People who for security or privacy reasons don't want their location known can opt for FAA to screen their aircraft's identity

Union minister Nitin Gadkari on Monday said that the country needs to promote flex-fuel vehicles and e-mobility to tide over the problems created by wide fluctuations in crude oil prices in the international market. Addressing an event organised by SIAM (Society of Indian Automobile Manufactures), Gadkari further said that the aviation sector is also facing problems due to the high cost of aviation fuel. "Every year, (wide) fluctuations in crude oil prices are creating lots of problems...We need to march towards adoption of 100 per cent flex fuel vehicles," he said. Flex-fuel compatible cars can run on more than one type of fuels and also on a mixture. Typically, a blend of petrol and ethanol or methanol is used. The road transport and highways minister pointed out that 40 per cent of pollution in India is because of the use of fossil fuels. Noting that there is a need to encourage technology to convert waste to wealth, he said, "we are encouraging lots of industries to start ...

Over 12,32,749 farmers will be provided with fuel and over 3,796 fishing vessels in Sri Lanka

Nayara Energy, India's second-largest private oil refinery, exported over 80 per cent of all its fuel exports to Asia, the Middle East and Africa during the first seven months of the current fiscal, with only minuscule volumes going to the UK and none to the EU, a company official said. Nayara, which operates a 20 million tonnes a year oil refinery at Vadinar in Gujarat, exported 4.46 million tonnes of petroleum products including diesel, jet fuel and gasoline from April 2022 to October 2022, a company spokesperson said. The bulk of the fuel it produces at Vadinar is used for sale through its 6,648 petrol pumps - the largest network by any private company - in the country and institutional sales. The company is primarily focused on catering to the domestic market through institutional business, sales to other oil companies and through its own retail chain. "India, structurally, is long on diesel and the same is to be exported after satisfying domestic demand," the spokesperson ...

The funds raised will be put towards expanding the company's services across geographies, development of product offerings as well as technology

The Centre is ready for bringing petrol and diesel under the GST regime but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday. For bringing the petrol and diesel under the GST, the states have to agree. If the states make the move, we are ready. We have been ready all along. That's my understanding. It is another issue how to implement it. That question should be addressed to the finance minister, Puri told reporters here. The minister, however, pointed out that it is unlikely that the states will agree to such a move as liquor and energy are revenue generating items for them. It is not difficult to understand, they (states) get revenue out of this. One who is getting revenue, why would he leave it? Liquor and energy are two things that generate revenue. It is only the Central government which is worried about inflation and other things, he added. The Union minister said the Kerala High Court had suggested